back Back

ParagonEX teams up with SignD to boost SignD Quantum solution

By Megha Bhattacharya

April 05, 2021

  • Austria
  • Paragonex
Share

FinTech ParagonEX has partnered with Austrian regulatory technology provider SignD, adding a new product to its umbrella solution for CFD brokers – SignD Quantum, an automated solution for know-your-customer (KYC) verification. The new addition will enable ParagonEX and their clients to streamline operations by saving time on manually collecting and validating customer identity documentation, reduce human error and allow for faster trading beginning from newly registered clients. The KYC module is already up and running as an add-on to ParagonEX’s existing trading infrastructure, and brokerages using it can also add it to their business logic.

“We’re constantly refining our products, adding new features, and improving efficiency so that our clients can focus their efforts on looking after their customers. The current KYC addition greatly simplifies a tricky and time-consuming area of brokers’ day to day operations: anti-money laundering (AML) and KYC compliance. With this solution, brokers can save resources on identity checks, eliminate human error and increase efficiency across the board,” said ParagonEX’s CTO, Alex Scott, on behalf of ParagonEX.

Established in 2008, ParagonEX is an Isle of Man-based financial technology company aiming to provide an off-the-shelf, robust trading platform and back-office solution to brokers. Its solutions are today in use throughout Europe, Australia, and the Middle East.

Previous Article

April 05, 2021

First Abu Dhabi Bank launches payments solution Magnati

Read More
Next Article

April 05, 2021

NPCI sets up a new subsidiary firm NPCI Bharat BillPay

Read More

IBSi Prime News

astra

December 08, 2021

Austria

Transferring money to the right place at the right time: Interview with Gil Akos, CEO of Astra

Read More
  • Daily insightful news analysis
  • Weekly snapshot of the industry deals, events & insights
  • Sectoral deep dives on the hottest FinTech trends
  • Exclusive interviews featuring c-level executives shaping the industry
  • Profiles of the most influential established and emerging companies in the sector
  • Weekly global FinTech use cases
  • Chart of the Week curated by the IBSi’s Research Team
Subscribe to Prime

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

YES BANK partners with The Fintech Meetup to drive grass root level FinTech

Read More

Today

Cashfree partners with Dvara Solutions to provide digital disbursements

Read More

Today

5Paisa collaborates with Neobank Dinero

Read More

Related Reports

Sales League Table Report 2021

£1,500 / year

Know More
US Financial Services Technology Report 2021

£1,500 / year

Know More
The Future of Digital Banking Report 2021

£1,500 / year

Know More
Wealth Management & Private Banking Systems Report 2021

£1,500 / year

Know More
Treasury and Capital Markets Systems Report 2021

£1,500 / year

Know More